Lantronix, Inc. (NASDAQ:LTRX) Stock Has Average Target Price of $10.80 According to Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.80.

Several equities research analysts have recently weighed in on LTRX shares. JonesTrading assumed coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 target price on the stock. Canaccord Genuity Group raised their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Lantronix in a report on Thursday, August 27th. Finally, Lake Street Capital upped their price objective on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 18th.

Insider Buying and Selling at Lantronix

In related news, CEO Saleel Awsare acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, with a total value of $77,700.00. Following the completion of the transaction, the chief executive officer directly owned 453,381 shares in the company, valued at $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lantronix

Institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd boosted its position in shares of Lantronix by 59.4% in the 2nd quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock worth $483,000 after purchasing an additional 30,626 shares in the last quarter. Squarepoint Ops LLC boosted its position in Lantronix by 215.5% in the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after buying an additional 174,086 shares during the last quarter. AWM Investment Company Inc. purchased a new stake in shares of Lantronix in the 2nd quarter valued at $7,350,000. Globeflex Capital L P purchased a new stake in Lantronix in the second quarter valued at $76,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Lantronix in the second quarter worth about $937,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Lantronix Trading Down 1.4%

Shares of Lantronix stock opened at $6.38 on Friday. The stock has a 50 day moving average price of $6.07 and a 200-day moving average price of $6.09. Lantronix has a one year low of $4.37 and a one year high of $8.75.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Sell-side analysts expect that Lantronix will post 0.10 earnings per share for the current fiscal year.

About Lantronix

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.